Taiwanese leasing firm lists in Singapore

Financial One attracts a small number of mainly specialist investors to its $168.75 million IPO, including UOB Asset Management as a cornerstone investor.

Taiwan leasing company Financial One Corporation has priced its initial public offering at the bottom of the indicated range, which will allow it to raise $168.75 million from its Singapore listing.

The company is only the second Taiwanese firm to list in Singapore, according to Dealogic data, which means it had to break a lot of new ground with potential investors. For the average investor, this was also quite a tricky deal to understand, both with regard to the companyÆs...